I agree 100% with you, Rifleman.
That's a very dangerous statement to make as you may forever be linked to Riff's Blunderbuss rantings
90% of the activity at the BIO 2012 was deal making:
a) between BIG PHARMS and small companies with drug portfolios
b) small companies and start-ups with one new drug
c) start-ups and universities with an idea
AKA Capitalism in action
Sure there were large Public Flashy Booths -- such as the acre of Germany and Lifecycle Massachusetts -- but even these for the most part were financed by the Private Sector
If the BCEC is expanded to accomodate an even bigger BIO 2017 -- it will of course spur additonal complementary investments by the private sector in hotels in the immediate surrounding area (more than $1M went to bus attendees to/from the BCEC this time).
But beyond the direct investment in building structures -- BIO and similar large events with direct benefits to the immediate economy provide an opportunity to showcase the HUB and the entire Greater Boston region in a way that a Mass booth next year at BIO 2013 and 2016 in Chicago can not.
Beyond BIO the next 12 months will bring other events to the BCEC with direct ties to the local economy including:
7/23/2012 - 7/25/2012 Global Business Travel Association Annual Convention 2012
9/9/2012 - 9/12/2012 AIDS Vaccine 2012
10/2/2012 - 10/3/2012 AdvaMed The MedTech Conference 2012
10/28/2012 - 10/30/2012 American Society for Radiation Oncology Annual Meeting 2012
11/7/2012 - 11/9/2012 JEC Americas - 2012 {Composite manufacturing such as used in the Boeing 787}
11/14/2012 - 11/16/2012 ArchitectureBoston Exp
11/27/2012 - 12/1/2012 National League of Cities 2012 Congress of Cities and Exposition
3/10/2013 - 3/12/2013 Int'l Boston Seafood Show/Seafood Processing America
4/10/2013 - 4/11/2013 UBM Canon - BIOMEDevice / Design & Manufacturing New England / Electronics New England 2013
4/20/2013 - 4/23/2013 Experimental Biology 2013 Annual Meeting
5/21/2013 - 5/23/2013 American Association of Critical Care Nurses 2013 National Teaching Institute & Critical Care Exposition
6/3/2013 - 6/6/2013 Cisco Partner Summit 2013
6/12/2013 - 6/15/2013 International Society for Stem Cell Research 2013 Annual Meeting
Each of those brings at least 5,000 high-level attendees and acres of exhibits -- Note there are big events (e.g. 8/5/2012 - 8/7/2012 Academy of Management Annual Meeting 2012 -- 10,000 attendees; 11/25/2012 - 11/29/2012 Materials Research Society Fall Meeting 2012 -- 5,000 attenddees) which were not included because they are held at the Hynes since they don't need the floor space